U.S. economic politics is often framed as a clash between “Main Street” and multinationals, with the former hard working mom and pop owners and the latter controlled by profit-hungry tycoons. But this framing misses the point, what determines America’s position in the global economy is not whether Fred’s clothing shop sells more pants.

"Innovation Economics: The Race for Global Advantage." This new book delivers a critical wake-up call: a fierce global race for innovation advantage is under way and the United States is running the risk of losing.